/biz/ - Business & Finance

>>28912219
>So I think what we’re going to see a continuing failure of various intermediaries, either by them exerting control or through solvency issues due to a correction in the market or any number of other fundamentals that shows solvency issues. At the end of the day, all these types of issues with intermediaries in the centralized financial world will contribute to a greater and greater understanding of the problems with the existing financial system, which will in turn create a shift in trust towards decentralized financial products. The rate and the amount in which these failures occur is not entirely in the control of the decentralized financial ecosystem, but the decentralized financial ecosystem and its collection of products and guarantees is definitely the answer to these failures which is why we’re talking about DeFi now, in kind of the aftermath of Gamestop and Robinhood, and each subsequent failure or issue like that with the existing centralized financial system will contribute to more and more understanding and more and more people moving towards decentralized financial model based on blockchain technology.